President Joe Biden is due to huddle with a bipartisan group of lawmakers on Monday to discuss his proposed $ 2.3 trillion infrastructure plan, as he faces resistance from Republicans and even some Democrats. The president’s plan would pump money into transportation, water and broadband projects, and also into home- …
Read More »Stymied stimulus talks push market down
Friday morning’s Dow futures sank more than 200 points as investors continue to await a decision in Washington D.C. The House of Representatives adjourned on Thursday after passing a spending plan to keep the federal government open for another week as Republicans and Democrats try to figure out a second …
Read More »Economic Report: Jobless claims might top 5 million for third straight week, push unemployment to 15%
Some 5 million Americans likely applied for jobless benefits for the third week in a row in mid-April as the coronavirus outbreak took an even bigger bite out of the U.S. economy, pushing the unemployment rate to around 15% unofficially. Nearly 17 million people have already filed new jobless claims …
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